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Oil Prices Drop as Hurricane Beryl Blows Over

Oil Prices Drop as Hurricane Beryl Blows Over

The first major hurricane of the year has come and gone without causing any significant supply disruptions, leading oil prices to fall back on Tuesday morning.- The landfall of Hurricane Beryl led to three casualties in Texas, leaving more than 2 million Houston homes without power, but first reports suggest damage to oil infrastructure has been limited.- Since making landfall near the coastal town of Matagorda, Beryl has weakened to a tropical storm and is forecast to move across eastern Texas and into the lower Mississippi Valley later in the…

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